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20121101
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more term. thank you, california, forgetting out there and voting today. we really made a big difference. >> wow. well, the street with packed obama supporters is starting to wind down. >> vic vic lee is live with that story. hi, vic. >> we could hear the crowds cheering wildly at a couple bars near us when president obama spoke. but the street party, the organized street party here in the castro ended a little while ago. at one point there were a thousand people that police cordoned off between 18th and market. and now the party probably would have lasted longer, but the tallies, the vote tallies came so quickly. when the networks announced president obama had won drivers started honking their horns as they passed us here on mark -- market and the crowd at the twin peaks bar that was an institution cheered wildly. they spilled out in the street. it was an exuberant crowd. they were very popular in the castro because of the open support of marriage equality. there were other issues, the lgbt community was monitoring very closely tonight four states, maine, maryland, wisconsin
. but now phoenix, arizona, is jumping into the fray, trying to bring california businesses to their city. sergio quintana is live in san francisco with a look at what is happening. reporter: well, san francisco recently celebrated turning twitter into one of its newest corporate residents, and then recently -- actually in the last year, the bay area as a whole has been having a very good year. in fact one of the strongest economies in the country. but when california voters this week passed proposition 30, that's when phoenix business leaders decided, now is a great time to start searching for ceos to steal away. >> on election night, governor jerry brun celebrated the passage of proposition 30. 54% of voters decided to raise income taxes on the state's top earners and agreed to a hike in sales tax. >> we think the recent tax package that was passed that really targets what we call high performers or producers from an economic perspective, is going to start to dislodge the serial ceo management talent in places like silicon valley. >> in a bid turn that into an opportunity, the greater p
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